
\begin{tabular}{l c c}
\toprule
 & \multicolumn{2}{c}{Currency Returns (pct)} \\
\cmidrule(lr){2-3}
 & (1) & (2) \\
\midrule
USD Equity Imbalance $\times$ $\Delta$ FX Vol.        & $0.12$     &          \\
                                                      & $(0.74)$   &          \\
USD Equity Imbalance $\times$ $\Delta$ Global FX Vol. &            & $0.30$   \\
                                                      &            & $(0.79)$ \\
USD Equity Imbalance                                  & $-0.16$    & $-0.14$  \\
                                                      & $(0.33)$   & $(0.36)$ \\
$\Delta$ FX Vol.                                      & $0.52^{*}$ &          \\
                                                      & $(0.23)$   &          \\
\midrule
Num. obs.                                             & $2363$     & $2363$   \\
R$^2$ (full model)                                    & $0.60$     & $0.59$   \\
R$^2$ (proj model)                                    & $0.03$     & $0.00$   \\
\bottomrule
\end{tabular}
